Sports Betting

[Talking Poker]

People use this same logic for blackjack, roulette, etc. Take roulette and assume you use this same strategy and always bet on black. Will you PROBABLY end up winning (a small amount of money) after a lot of bets? Sure. While unlikely, it is POSSIBLE that red and green WILL come up 10 times in a row, so you had better have a pretty big bankroll. Here is how much you'd lose with each bet - yout total losses would be calculated by adding all of this up:

50
100
200
400
800
1600
3200
6400
12800
25600

And good luck finding a table that's going to let you bet $25k on black. Oh, and lose just one more time, and you're down $100k total.

In other words: It's a bad, bad, bad idea.

[Penguinfan]

Of course it's a bad idea, I had a hidden adgenda with that logic, thanks for blowing it.

[eejit101]

i bet in $50 units. So far since ive started ive made 54 bets. Im 30-24.